Judge Dismisses SEC Insider Trading Suit Against Cuban

A federal judge dismissed the suit the SEC brought upon Cuban that alleged Cuban was part of some inside trading for Mamma.com when he sold off his shares, avoiding losing $750,000 in total.

Cuban's lawyers claimed that he was not an insider so the suit is mute on SEC's claims. Apparently the judge sided with Cuban and gave the SEC 30 days to make an amended complaint.

Good for you Cuban. Hopefully the SEC can just drop the case all together and stop wasting money pursuing more actions against you.